Fed's Bullard warns on U.S. budget deficit

Reuters Staff

1 Min Read

WASHINGTON, April 5 (Reuters) - A top Federal Reserve official warned on Thursday that the United States could face the same crisis of confidence from investors as European countries if it does not rein in government overspending.

“It is a wake-up call for the United States,” St. Louis Federal Reserve President James Bullard said. “It can happen here.”